The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the price of petrol will drop to N935 per litre effective from today. IPMAN said the new price was necessitated by the reduction in Dangote Refinery’s fuel ex-depot price and uniform arrangement, which would enable marketers to sell at N935 in their outlets nationwide. Speaking…
Dangote Petroleum Refinery has reduced the price of its Premium Motor Spirit (PMS) product to N899.50k per litre. This was announced in a statement, on Thursday morning. The company said the decision was taken to “provide much-needed relief for Nigerians ahead of the holiday season”. “Africa’s first privately-owned oil refinery, which previously lowered the price…
The Dangote Petroleum Refinery has unveiled a landmark partnership with Neptune Oil to launch its inaugural export of Premium Motor Spirit (PMS) to Cameroon. In a statement on Wednesday, the refinery highlighted that the collaboration demonstrates both companies’ dedication to addressing the region’s increasing energy needs and fostering economic ties. “This milestone, resulting from a…
Despite the start of petrol production by two major refineries in Nigeria over the past three months, oil marketers have continued to import and distribute the product nationwide. Daily commerce on Wednesday gathered that marketers have imported 2.3 billion litres of petrol between September 11 and December 5, 2024. The continued importation of petrol is…
The Dangote Petroleum Refinery on Sunday announced a reduction in its price of the Premium Motor Spirit (PMS), also known as petrol, to ₦970 per litre for oil marketers. The company’s Chief Branding and Communications Officer, Anthony Chiejina, disclosed this in a statement. He said the decision is the refinery’s way of appreciating Nigerians “for…
The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited, has successfully executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE. The agreement, signed by the Managing Director, NGML, Barr. Justin Ezeala and the President/CEO of the Dangote Group, Aliko Dangote on Tuesday…
The Dangote Petroleum Refinery has alerted Nigerians about the operations of a new depot hired by an unnamed international trading company to blend substandard petroleum products in Nigeria. It said the depot, located adjacent to its operations, was leased for the objective of blending substandard products that would be dumped into the market and bought…
A fleet of trucks on sunday began lifting off (PMS) Premium Motor Spirit also known as petrol from the Dangote Refinery at Ibeju-Lekki, Lagos state, marking the start of its fuel distribution to meet local and international demand. Some of the trucks belonging to the Nigerian National Petroleum Corporation Limited, were seen in videos posted…
….Sets to Shake W’African Supply MarketThe 650,000 barrels per day Dangote Crude Oil Refinery near Lagos is getting at least a third of its crude oil supply from the United States, underscoring the cheapness of US oil compared to other producing countries’. A report by Bloomberg said yesterday that Nigeria’s new mega Dangote oil refinery…
The Dangote Petroleum Refinery has reduced the price of diesel by 16.6%, lowering the price from N1,200 per litre to N1,000 per litre. The aim of the price reduction is to positively affect Nigeria’s domestic economy. The price of diesel was relatively high for months, due mainly to the importation of the product from the…
